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After Lê Việt Cường's Arrest, Company Reports Q3 Profit Doubling Year-on-Year

Quảng Ninh Thermal Power JSC (QTP) reported Q3 2026 sales revenue of about 2,815 billion VND, up roughly 37%, and profit after tax of nearly 76 billion VND, about 2.3 times the same period last year. Gross profit rose nearly 45% to over 93 billion VND, financial income climbed from nearly 8 billion to over 26 billion VND, and management expenses fell from 28 billion to about 23 billion VND. For the first nine months, net revenue exceeded 9,173 billion VND (up about 17%), profit before tax reached nearly 750 billion VND and profit after tax 600 billion VND, both up about 51%, with EPS of 1,332 VND per share. The results follow the February 23, 2026 arrest of Deputy General Director and board member Lê Việt Cường for investigation of allegedly forging documents, and the company has since appointed Nguyễn Công Kiên and Dương Thành Công as deputy general directors. QTP shares rose nearly 5% to 11,300 VND on October 22.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Sau khi ông Lê Việt Cường bị bắt, công ty báo lãi quý 3 gấp đôi cùng kỳ

Read the original on CafeF ↗

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